UBFS Invest Says Goodbye to its CySEC CIF License

[kreslik.news]

The Cyprus Financial regulator CySEC has just informed the public that it has wholly withdrawn the Cyprus Investment Firm (CIF) license of UBFS Invest, backed by broker Moneychoice Brokers Ltd., according to a decision made at a meeting dated November 28, 2016.

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As reported by Finance Magnates in May, UBFS Invest was initially flagged for non-compliance and had its license temporarily suspended by CySEC following several allegations of multiple violations. The watchdog then extended the firm’s suspension in June ... (read more)